Today in Mortgages

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the government shut down and how it will impact the housing market.

Obviously, there's a debate going on between the left and right on how to solve this, but we are focusing only on the mortgage industry. Specifically, what essential services will continue to happen, and what will be more difficult for mortgage professionals and buyers. The answer is it's mostly undisturbed as long as this is short term. 

One of few issues that could arise is getting flood insurance from the federal government. The National Flood Insurance Policy is now not funded, you have to go private. In a lot of cases private flood insurance is pretty good, so hopefully there's not a problem.

Another thought is USDA loans need to be guaranteed prior to funding, but in past shut downs, investors assumed the risk of getting those loans approved after the government was back up and running. 

Also, tax transcripts could be harder to attain. But, we allow the borrower to get their own transcripts from the irs.gov site which they still can do. 

Some broader market factors that could be effected by all of this include data getting collected and reporting (such as we are likely not going to get a labor report which would come out on Friday). 

But in general it looks like we have good enough work arounds until the shut down ends!

Listen in as we discuss this and more!

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss that there has been a bump in new home sales.

Today's article is from CNBC.com: "New home sales soar 20% in August to a three-year high." This giant bump was a lot more than expected! Looking at the data we are not surprised. Interest rates, we went from high 6's to low 6's which on a $400,00 loan is about $120 a month. Also, new builders are contributing to closing costs, homes upgrades and buying rates down. These are just some of the factors that are driving this increase in sales. 

Listen in as we discuss this and more!

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss if we are finally getting relief from high interest rates.

The industry expected a cut in interest rates by the fed, which we got! But mortgage rates have worsened. We are still dealing with the bigger issues of worsening unemployment, and the fed wants inflation to come down to 2%. 

Nobody know's where we go from here. What we do know is that rates have slowly come down the last few years. A good way to anticipate where mortgage rates are going it to follow the 10 year treasury. In our experience, until the treasury drops below 4% our rates are going to stay elevated. 

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the PPI report that came back weaker than expected. 

The report showed there was a 10% decline, when they anticipated an increase. And a jobs revision report found 900,011 jobs have been erased from March 2024 to March 2025. These two reports all lead to a rate cut next week at the next Fed meeting. Question is how much will the rate cut be? Listen in as we discuss this and more! 

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss if trigger leads will finally be a thing of the past. 

Good news, we might all be getting less spam calls! National Mortgage Professional says "Trump signs homebuyer privacy protection act, ending abusive trigger leads." Now, we wait six months for the enactment period to pass from the signing for this to go into effect. 

A trigger lead is when your credit is pulled by a mortgage company. The bureau's sell that information - and the borrowers phone will blow up immediately with calls within the first hour of having your credit pulled by the people who purchased that information. That is abusive, and the reason why this legislation was put together.

The new legislation will still allow for existing relationships with the borrower to be notified about the trigger lead, such as their lender and servicer. However, there are still unknowns such as how it will be enforced, but we are excited for this legislation nonetheless! Listen in as we discuss this and more! 

Grow Your Business: https://join.nflp.com/

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about if we are in a housing emergency. 

Todays article is from Newsweek: "Trump may declare national housing emergency -- but what is it?" We want to answer that question. First, Trump loves declaring a national emergency because it gives him executive powers, instead of going through congress. Second, the housing problem is that we are 4.7 million homes short of demand. 

Where are those housing going to be built? Further out of town in less desirable areas is not always the solution. They will likely have to pressure states to ease regulations to get more homes built.

We are in a housing shortage, but at the same time there is a glut of new homes sitting on the market. This is mainly due to homes listed at too high prices. Cost of housing has far surpassed income growth. 

Honestly, we aren't sure how the government can solve this problem. We need lower interest rates for sure, and could there be a correction to the appreciation the last few years by pricing dropping? Listen in as we discuss this and more!

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about storm season.

Todays article is from Housingwire.com: "Hurricane season arrives amid homeowners insurance hikes." Interest rates are of course making home less affordable nowadays, but that's not the only increase. Home insurance has increased in some areas as much as 50% in recent years. What can we do about this? Begin with shopping around to find the best rate possible. 

All states share in the rise in premiums, though some areas have risen more than others. Most of the rise is due to rebuilding areas from mass catastrophic events: forest fires and hurricanes. 

Listen in as we discuss this and more!

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss homebuilder sentiment.

Today's article from SeekingAlpha.com is titled: "Homebuilder sentiment unexpectedly dims in August as mortgage rates stay high." The main issues builders are seeing is supply headwinds, continued high-rate environment and affordability. In light of these issues, builders are concerned they are running out of borrowers, because buyers are sick of seeing the payment sizes at these high rates. In response, builders are offering major incentives like buying down rates. 

On the supply side, we are seeing lumbar costs rise, causing a lot of headwind for builders. In addition to builders buying down interest rates, they are paying closing costs and now with these higher lumbar costs, builders are fronting a lot of the expense. But despite all of this, we are still looking forward to rates coming down in the future, and turning things around.

Listen in as we discuss this and more!

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss Trump's new plan that is so crazy it just might work.

Today's article from AIInvest.com says: "Trump's Fannie Mae and Freddie Mac IPO plan: A potential solution for lower mortgage rates?" Reminder, Fannie & Freddie went into government stewardship during the financial crash of 2008. They have been earning a lot of money for the federal government. The white house is looking at this now as a solution -- the government can sell their shares for a lot of money. The flip side of the argument says a for-profit entity could drive rates up.

Listen in as we discuss this and more!

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss application numbers are picking up!

The good news we are talking about today comes from NationalMortgageProfessional.com: "Mortgage applications rise as rates fall for third straight week." Borrowers applying for loans have ticked up over the last three weeks. Overall applications are up 3.1%, and the biggest takeaway is 42% of that increase were refinance applications. The majority of those refinances are cash-out loans. Borrowers are leveraging the equity they've built to pay down consumer debt which has risen the last few years.

Listen in as we discuss this and more!

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.